Jacqueline Lee-Lis

In or approaching Retirement

Already in or approaching Retirement

If you are already retired, or you are getting close, there are a number of pension options for you to choose from, and with the plethora of information online, selecting the right approach for your retirement can be a complex task. You may be leaning towards an Annuity* which put simply, can provide you with a secure income for life, no matter how long you live, or alternatively, you may have heard about Flexi-Access Drawdown** (taking income directly from your retirement fund) and feel this is the best option for you. A combination of the different options may also be suitable. Whatever you may have read, specialist advice should be sought and we can help you make the decisions that are right for you, at the outset and as you progress through retirement.

* Annuity rates can change quickly and substantially - there is no guarantee that if you purchase an annuity the rates will be favourable. This could mean that the income provided by the annuity is less than you may have hoped for.

** The level of income from pension drawdown is not guaranteed. There is a chance that you may need to reduce your drawdown income in the future, for example were the performance of your investments be lower than expected.

The importance of advice, planning and ongoing annual reviews are all vital in trying to provide you with the retirement you want, and making sure your money lasts throughout your retirement, perhaps even beyond if applicable.

Jacqueline Lee-Lis is an adviser with Julian Harris Financial Consultants, authorised & regulated by the Financial Conduct Authority, FCA No. 153566. Registered office: Julian Harris House, Musgrove, Ashford, Kent, TN23 7UN.

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.

The performance of your investments is subject to risk(s). Its performance may fluctuate based on movements in the market and economic condition(s). Capital at risk. Currency movements may also effect the value of investments. You may get back less than you originally invested. Past performance is not a reliable indicator of the future performance. Tax treatment is based on an individual's unique circumstances.

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Please note that some mortgages such as commercial Buy-To-Lets are not regulated by the FCA.

Equity release may involve a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration. Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefits.

The FCA does not regulate the provision of advice for periodical payments, tax or trusts.

All content on this website is aimed at UK taxpayers or residents of MiFID countries (if applicable).

Decisions should not be taken based solely on the content of this website and individual advice should be sought first. Regulations, levels and bases of taxation are subject to change.

The firm is not responsible for the content of any external links.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk.

Jacqueline Lee-Lis LLB (Hons), APFS, EFP

jackie@leelis.co.uk